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20130121
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where the world's economic forum is taking place. the mood of davos, where will the global economy go next and what will it mean to your portfolio as the u.s. stock market sets a new five-year high. >>> i'll have any candid converersation with outspoken jpmorgan chase ceo jamie dimon. we'll talk real esta, banking, his pay cut. >> we had run terrible year. >>> and she's calledhe oprah of china. remarkable entrepreneur who runs a media empire and reaches more than 200 million people a month. "on the money" begins right now. >>> this is america's number one financial news program, "on the money." now, maria bartiromo. >> this is what's making news as we head into a new week "on the money." washington has a new watchdog for wall street. president obama has nominated mary jo white the head of securities and exchange commission. white is a former prosecutor with a reputation for toughness. she will replace mary schapiro and must still be confirmed by the nate. timothy geithner spent his last day as secretary on friday, stepping down after a tumultuous four years in the financial system. pr
collections and economy. d.c. city leaders already have a wish list of where the city should spend money, we decided to ask the people of d.c. with the money should be spent on. one woman did not hesitate to put out the trash in the streets. >> you look around and see how much needs to be done. look at the streets. the count 30 it is. >> want spending solution is improving education. just friday, a city funded university cut nearly 100 positions from its staff and faculty to actually save money. another top suggestion is refunding the money. >> that might help the economy. give the people a refund and they will spend the money. that will keep some people higher at and boost people a little bit. >> you don't have to go far to see someone in need. 15,000 people are homeless in d.c., including about 1000 families. >> there's a lot of homeless people year. >> here is the city council wish list -- topping it, homeless services welfare programs, and education for $9.5 billion. tomorrow, we should know more about the budget surplus. the city's chief financial officer will release th
biggest cocompanies in the region, but they are seeing phenomenal growth at a time when the economy is limping along. >> the top 50 companies we rank every year, we did this average represent edges. it looks at a four-year snapshot. in this region, a business -- a big businesses government contracting. when you win a big a government contract, what happens? you get a lot of money really fast into your revevenue streamm and you have to get busy y getting on those contracts. >> my question is, are they goining to see thikind of growth that they have? once a land a big gogovernment contracts, you are in. dfs construction, trying g to put the piec of the p puzzle together, they have a few thinings going for them. they have landed gsa contracts lalanded a big contract in japan and have 1 lolots of awards for the interior desn. kind of the perfect storm for what you need to bgrowing and construction today. >> just showing you what happens inside andnd outside of the beltway. it all has to do with the governmement influx of money. one of the othther this to note that is interesting aut ts
time. stay with us. >>> welcome back, everyone. well, the economy has come a long way since president obama's first inauguration. since that first swearing-in ceremony, the stock market has soared. the dow jones industrial average, up nearly 72%. back then, the economy has fallen to its lowest point since the great depression. and digging out has caused one other measure of the economy to soar, the national debt. >>> and soda sales are falling flat. the pace of the decline quickened even during the holiday party season. now, the giant soft drink companies are scrambling to change their directions, pinning their hopes on sports drinks or low or no-calorie versions. older people are now concerned about obesity and diabetes. >>> more super bowl ads will be crowd source this year. you may remember this made by a fan. this time, doritos will air two fan submissions. pepsi and pizza hut are getting into the act, by inviting fans to upload stories that will be woven into commercials will be air during the big game. good luck to those guys. >>> at the movies this weekend, jessica chastain was
with the president. >> there are more signs the economy is doing better. the s&p 500 closed today before 1500. that hasn't happened since december of 2007ion started. strong reports from proctor & gamble and others helped it extend the winning ways for the eighth straight session. that is the longest winning streak since 2004. >> when it comes to stocks holding at the closing bell says it all. one company proves plenty of money and movies. there is nearly $60 billion unclaimed in america. some of it can be yours. >> vice president joe baden has kicked off the tour to drum up grass root support for gun control >> vice president joe biden hit the road taking the white house's gun control campaign to the public. his first stop virginia a decidedly pro gun state. >> vice president joe biden is hitting the road with the administration's push for gun control. he stopped today in unfriendlier territory, pro gun virginia. >> we wanted to pick their brain about what is the most important thing we should be doing. >> he spoke with experts who worked on gun safety following the 2017
to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪
, a ray of light in the struggling jobs economy. 12 million americans still out of work tonight. but today, we learned the number of americans seeking unemployment benefits have fallen to a five-year low. and that's the lowest since the very beginning of the recession. experts say it's a sign employers are cutting fewer jobs and soon could be begin hiring at an even faster pace. >>> and, on wall street, a big skid for an iconic american brand. apple tumbling 12% today. dropping on the news that the sales of those addictive gadgets, iphones and macs are not as soaring as expected. and look. since apple's high in september of last year, a virtual freefall, down 36% in 18 weeks. but even though apple was rocky, the dow held steady, closing up 46 points for the day. >>> and, we move now to the crackdown on the epidemic use of prescription pain killers in america. consider this. the united states, just 4.5% of the world's population, consumes 99% of the world's hydro coe done, the open yat in vicodin. vicodin, the single most popular pain kill earl in this country. so, what is the big new thing
of the american economy by that. but also very clearly having a pathway to earned legalization is an essential element, and i think that we are largely moving in that direction as an agreement. >> what do you want? senator mccain said it's helpful that president obama is out on the road. what do you want to hear from him? how committed is he to getting this done? he also wants gun control. >> right. well, i was at the white house on friday with the congressional hispanic caucus leadership, and the president made it very clear in that discussion that this was a top legislative priority for him in this session of the congress and that he expects to work with all of us in an effort to achieve the goal, and he's fully committed to it, and i think that's why this week he starts the clock by the speech he's going to make out in las vegas. >> and that pathway to citizenship, that has to be in there? >> absolutely. latino voters in -- first of all, americans support it in poll after poll. secondly, latino voters expect it. thirdly, democrats want it, and, fourth, republicans need it. >> shouldn't the
about. we talk about jobs and the economy. if dr. king were alive today, he would press president obama to end the inequality in our country to address poverty. those are universal now because poverty is a white issue, as well as a black and hispanic issue, as well. >> cokie pointed out. this is when we try to set aside our political differences. that's some of the unfinished business of president obama's first term. >> the main part of the unfinished business of his first term had to do with the divisions in this country. he said he was going to bring the country together, and unify the country. but as we sit here today -- and this is what makes the difference between the first and the second term. the first term is always about hope. the second term is hard work. it's like the difference between each of the two campaigns. it's a huge thing you see the difference in, the president, last time, when he took the inauguration, had a 68% approval rating on inauguration day. today, he has 52%. and there's a section of the country that does not want him, even though they're going to celebrate
. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ >> the cost of a stamp is going up this weekend. the one cent increase goes into effect tomorrow.
technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪
it mean for the overall economy? and more importantly, your wallet? >>> i-bad. big complaints about the new steve jobs movie from the man who was there. why the co-founder of apple is calling it embarrassing. >>> and beyonce, bouncing back. the first pictures of the singing superstar since her lip-sync flap on inauguration day. what is queen bee up to now? >>> good morning, everybody. also coming up this morning, you know the story about the 23-year-old using an obscure florida state law to make over a $2.5 million mansion near miami. we learned this is happening all over america. and is often connected to an anti-government movement. >> leaving a lot of angneighbor angered and frustrated. >>> and sarah palin has split from fox news. >> we're finding out what drove that split. >>> and the miami heat star, lebron james, rushing the court to tackle a fan. what did he do to deserve that big bear hug, which seems to be an overwhelming hug. >> i don't think that was planned. >>> plus, the fearless ginger zee. our own ginger gets extreme at the x-games. we'll test her nerves with some of
are the biggest threat to the world economy, more than europe's financial crisis. >>> apple's earnings last quarter were good but not good enough. the company had a $13 billion profit, with big increases in sales of its iphones and ipads. but analysts had expected more. so, apple stock fell 11%. after the earnings report, erasing almost $47 billion in the company's market value. wow. big numbers still. >>> netflix, on the other hand, had better earnings than anyone expected, even netflix. the video streaming service added more than 2 million customers in the fourth quarter and posted a profit. that sent netflix shares soaring in after-hours trading. the company credits holiday sales of consumer electronics for the increases. >>> the subway sandwich shops are being accused of shortchanging their customers. several class-action lawsuits filed this week say the chain's foot-long subs aren't. they're not really 12 inches long. they're anywhere from a half-inch to an inch shorter. the lawsuits seek dough for the missing portions. >>> if you're not outraged enough by that, well, fans of two-buck
at the white house tonight. as always, david, thanks. >>> we're going to turn now to economy and the stock market on quite a roll. last night here, we reported on america baby boomers finally seeing a recovery in their 401(k)s. the dow closing near 13,896. nearing a psychological barrier of 14,000. and approaching the all-time high of 2007, before the recession. even as the dow makes this rebound, why is an american giant apple not benefitting? tonight, many questioning whether the loss of steve jobs has hurt the company for good? here's "good morning america" weekend anchor bianna golodryga tonight. >> it's what you wanted, it's what your instincts wanted. >> reporter: in the new biopic, "jobs," ashton kutcher playing the role of steve jobs -- talking about instinct. knowing what the average american consumer needs and wants before they even know it. it's what helped jobs -- long after ascending to the top of his industry -- stay far ahead of the pack. but this week, a huge bit out of the once mighty apple. after soaring to a record stock price just four months ago, the tech giant has plu
, george. >> sam's an assignment. and the new year is starting off with encouraging news on the economy. jobless numbers getting better every single week. the stock market is on a roll. it could end on a record high. that would be good for everyone's 401(k). >>> look at this. it's the x-ray of a 19-month-old with a pencil that pierced her eye and lodged in her brain. she's fine. it's amazing. it missed her important parts. there she is after. postpencil. >> the doctors did an amazing job. >>> and we are so excited to share some pictures with you. you may have heard. robin was with us on set all morning long. there i am passing the purell to her. making everything germ-free. >> it was good to see that smile all morning long. it's fantastic. >>> let's get straight to the developing story on the weather. 18 states, now under winter weather advisories for snow and ice. here's abc's ginger zee. >> good morning, guys. this is what people are waking up to in parts of tennessee. this is a hood of a car. this is all-ice. a quarter-inch of ice. i'm going to show you what's happ happening. some of
million to compensate owners after admitting it overstated the fuel economy on over 1 million vehicles sold in north america. >>> the boeing 787 dreamliner is still grounded after a rash of mechanical problems. investigators say safety backups failed on at least one of the planes, allowing a battery fire earlier this month. nippon airways that has more 787s than any other airline, has canceled almost 500 dreamliner flights so far. >>> and this week can't end soon enough for apple. its stock fell more than 12% yesterday after a disappointing earnings report. many analysts are now lowering their estimates for the company. apple is also reporting that it terminated a subcontractor in china that was using under-aged workers. >>> and we're getting our first look at the ashton kutcher film about apple founder, steve jobs. it will open in april on the anniversary of apple's founding. and it covers the early years of the company. in this clip, kutcher, as jobs, tries to convince steve wozniak, that there is a market for a computer. >> how can somebody know they don't want it if they haven't se
cars. kia as hyundai admitted overstating fuel economy numbers on more than 1 million cars recently sold in north america. >>> now to a runway mishap involving two planes in washington's dulles airport. a united flight that just arrived from brussels clipped wings with an empty plane that was parked near the gate. no one was injured. >>> salt lake city's airport was forced to shut down for hours after getting clammed with the most freezing rain in 30 years. a frontier airlines plane slid on a patch of ice after arriving from denver. no one was hurt, but thousands of passengers were stranded. i was just at that airport last week after my little ski trip. so just made it back. >>> here's your friday forecast. dangerous cold from minnesota to maine. a half foot of snow around the great lakes. just a few inches from ohio to indiana and the northeast. freezing rain from nashville to atlanta. rain from l.a. to phoenix. rain and mountain snow in the pacific northwest. >> 40s in the northwest. 2 below zero in fargo. 20s from chicago into the northeast. >>> it was a hollywood ending to a sma
the next four years and what you play into his agenda which is gun control, the economy, health care overhaul. >> and foreign policy is always an issue. so you have the arab spring. most people think that that could be ushering a lot of democracy into the middle east, but we don't know. there's still a lot of tension there. that's going to be an issue for him, as well. >> the plate is full. so enjoy the party today, because the work starts tomorrow. in fact, some republicans are having a little retreat in vegas right now to get out of d.c. so hopefully the partisanship eases a little bit. >> about 100 of them have departed. >> never dull. >>> also some other news this morning, we want to wish our friend and colleague barbara walters a speedy recovery. she was hospitalized saturday after a minor fall in washington. barbara, who is now 83 years old, fell on the stairs at the british ambassador's residence and cut her forehead. she is alert and telling everyone what to do, which is a good sign. she's in the hospital for tests and for some observation. and will not be unfortunately part
on american worker's sleep deprivation, saying chronic exhaustion cost the economy more than $63 billion and the cdc reports more than 40 million workers sleep fewer than six hours a night. that's below the recommended 7 to 9 hours. the sleep problems are linked to depression, obesity and cancer. [ yawning ] >> get more than five hours a night. >> sorry. that cost $1.50 right there. >> maybe we should have seen this coming. two men from new jersey are suing subway because the chain's foot-long sandwiches are not always 12 inches. the suit is believed to be the first legal action against subway since the flap went public last week. a lawyer says they're seeking compensatory damages and they want subway to change its practices. i think people eat too much any way. >> and they say america is a litigious society. no, i dispute that. can't get the foot long. >>> while we're feeling angry, mcdonald's will seen roll out a new seafood snack. they're called, i'm not making up up, fish mcbites and they'll debut next month. it will come in three sizes, made from the same fish that's used in mcdonal
-growing economy and high unemployment. but there are signs things are turning around. real estate is starting to rebound. and the dow recently hit a five-year high. >> we are poised for a good year. if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> reporter: and now, the man who ran the president's re-election campaign is hoping to reform it into a grassroots army to support the president's agenda for a second term. >> we have hundreds of thousands of neighborhood team members and leaders in every state of the union. we're going to work across party lines to get some things done. >> reporter: four years ago, the president promised to rise above partisan politics. >> on this day, we come to proclaim an end to the petty grievances and false promises, the recriminations and wornout dogmas that strangle our policies. >> reporter: it was a promise unfulfilled, as washington became more divided. this time around, he's going to try to directly appeal to some of those who voted against him. and, george, the white house
Search Results 0 to 19 of about 20